Mahindra Tractor domestic sales jump 20% at 33,622 units in March

Mahindra & Mahindra’s Farm Equipment Sector, part of the Mahindra Group, announced 20 percent increase in domestic sales in March 2023 at 33,622 units, as against 28,112 units during the same month last year.

Total tractor sales (Domestic + Exports) during March 2023 were at 35,014 units, as against 29,763 units for the same period last year. Exports for the month stood at 1,392 units.

The company clocked its highest ever annual sale of 4,07,545 Units (Domestic + Exports) in FY’23.

On the outlook, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra said, "Increase in crop output, mandi prices staying firm, Government support for increase in MSP for major crops and increase in wages under MGNREGA scheme will help improve the financial security of rural households and boost tractor demand in the coming months.”